The Pakistan Stock Exchange (PSX) saw a strong recovery on Monday, with the KSE-100 index rising by 2,350 points before noon, reaching 112,000. This surge was driven by widespread buying across key sectors like banking, automobiles, cement, fertilizers, oil marketing companies (OMCs), and power generation.
Experts believe the market’s rebound was mainly due to the State Bank of Pakistan’s decision to lower the policy rate by 200 basis points to 13%. This move helped boost investor confidence and led to an increase in buying activity.
The KSE-100 index has gained 75% this year, including dividends, from January 1 to December 20. This rally follows a week of heavy selling as mutual funds and institutional investors took profits at the end of the year.
